Is Lower Frederick Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lower Frederick Township has remained a Seller's Market.
Key Takeaway
Lower Frederick Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Frederick Township, PA
How much do homes in Lower Frederick Township, PA cost?
Median Sold Price
$340,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Frederick Township have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Lower Frederick Township was $340,000 in April 2024, up 7.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $258K | N/A |
| 2 Bedrooms | $263.7K | $317.5K | +20.4% |
| 3 Bedrooms | $305K | $330K | +8.2% |
| 4 Bedrooms | $435K | $589K | +35.4% |
| 5+ Bedrooms | - | $330K | N/A |
Summary: Lower Frederick Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Schwenksville | $350K | $460K | +31.4% |
| Perkiomenville | $332.5K | $422.5K | +27.1% |
| Lower Frederick Township | $317.5K | $340K | +7.1% |
Housing Supply in Lower Frederick Township, PA
How many homes are available in Lower Frederick Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Lower Frederick Township real estate market had 13 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Frederick Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Frederick Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Lower Frederick Township in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Lower Frederick Township, PA
How long does it take to sell a home in Lower Frederick Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +6.0% |
Summary: Homes in Lower Frederick Township had an average of 25 days on market in Apr 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Frederick Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Lower Frederick Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
